Synthesia Raises €83 Million in Series C

by Kay Aloha Villamor in June 15th, 2023

Synthesia, a London, UK-based AI video creation platform for enterprises, raised €83 million in Series C funding, which values the company at $1 billion and turns it into a new unicorn

The round was led by Accel, with participation from NVentures (NVIDIA's venture capital arm), as well as existing investors Kleiner Perkins, GV, and Firstmark Capital.

The new capital will allow Synthesia to accelerate its cutting-edge AI research.

The platform enables enterprise users, including HR managers and marketers, to easily create high-quality instructional videos using AI avatars, either stock or custom.

“We’ve made great strides towards our vision to make video easy for everyone, but there’s still a long way to go. I’m proud of our team for building Synthesia into a sustainable company that today delivers real business utility, not just novelty, for our thousands of customers,” said Synthesia Co-founder and CEO Victor Riparbelli. “While we weren’t actively looking for new investment, Accel and NVIDIA share our vision for transforming traditional video production into a digital workflow that will enable creators to bring their ideas, from training videos to Hollywood films, to life with only a Synthesia account. I’m delighted to have them on board as we further accelerate our AI research efforts.”

The company has expanded its customer base to include renowned names such as Tiffany's, IHG, Moody's Analytics, and entities of the United Nations to its customer base, which already includes 35% of the Fortune 100.

Company: Synthesia Limited

Raised: €83.0M

Round: Series C

Funding Month: June 2023

Lead Investors: Accel

Additional Investors: NVentures, Kleiner Perkins, GV, and Firstmark Capital

Company Website

Software Category: AI Video Creation platform

About the Company:  Founded in 2017 by Victor Riparbelli, Matthias Niessner, Lourdes Agapito, and Steffen Tjerrild, Synthesia is an AI video creation platform that allows users to easily create high-quality instructional videos using AI avatars, either stock or custom. With over 12 million videos generated on the platform to date, the company has consistently driven triple-digit growth while serving more than 50,000 businesses across the globe. The company's mission is to empower everyone to make video content without cameras, microphones, or studios.



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